51 - 59 Kirkgate, 7 / 19 Queensgate & 8 to 18 Albion Court Bradford West Yorkshire BD1 1PZ

51 - 59 Kirkgate, 7 / 19 Queensgate & 8 to 18 Albion Court
Bradford
West Yorkshire
BD1 1PZ

Freehold Retail Parade and Public House with Potential

  • Three retail units and one leisure unit in prime city centre location
  • Tenants include Poundworld Retail Ltd, JD Sports Fashion plc and Thomas Cook Retail Ltd
  • Opposite Kirkgate Shopping Centre
  • Nearby occupiers include Primark, McDonald’s and Santander
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    16
  • Auction
    10th December 2015
  • Rent
    £347,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,500,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Fund
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Parade and Public House with Potential

  • Three retail units and one leisure unit in prime city centre location
  • Tenants include Poundworld Retail Ltd, JD Sports Fashion plc and Thomas Cook Retail Ltd
  • Opposite Kirkgate Shopping Centre
  • Nearby occupiers include Primark, McDonald’s and Santander
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 16
  • Auction 10th December 2015
  • Rent
  • Status Sold
  • Price £1,500,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Fund

Property Information

Location
Miles
10 miles west of Leeds, 8 miles north-east of Halifax, 37.5 miles north-east of Manchester
Roads
M606, M62, A6177, A650
Rail
Bradford Forster Square Rail, Bradford Interchange Rail
Air
Leeds Airport
Situation

The property is situated in a prominent location on the southern side of Kirkgate, close to its junction with Westgate, Ivegate and Darley Street. The property sits directly opposite Primark which forms part of the Kirkgate Shopping Centre, housing other retailers including Boots, W H Smith, River Island and Poundland. Other nearby occupiers include McDonald’s, Santander, Foot Locker and Halifax.

Tenure

Freehold.

Location
Miles
10 miles west of Leeds, 8 miles north-east of Halifax, 37.5 miles north-east of Manchester
Roads
M606, M62, A6177, A650
Rail
Bradford Forster Square Rail, Bradford Interchange Rail
Air
Leeds Airport
Situation

The property is situated in a prominent location on the southern side of Kirkgate, close to its junction with Westgate, Ivegate and Darley Street. The property sits directly opposite Primark which forms part of the Kirkgate Shopping Centre, housing other retailers including Boots, W H Smith, River Island and Poundland. Other nearby occupiers include McDonald’s, Santander, Foot Locker and Halifax.

Tenure

Freehold.

Description

The property comprises four units - three retail units fronting Kirkgate arranged over ground and first floors, and a former public house fronting Queensgate arranged over ground and lower ground floors.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises four units - three retail units fronting Kirkgate arranged over ground and first floors, and a former public house fronting Queensgate arranged over ground and lower ground floors.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Review
51-53
Kirkgate
Ground
First
Retail/Ancillary
Ancillary
382.29 sq m
237.74 sq m
(4,115 sq ft)
(2,559 sq ft)
POUNDWORLD RETAIL
LTD (1)
15 years from
29/09/2002
£142,500 28/09/2017
57 Kirkgate Ground
First
Retail/Ancillary
Ancillary
358.51 sq m
266.07 sq m
(3,859 sq ft)
(2,864 sq ft)
JD SPORTS FASHION
PLC (2) (3)
20 years from
29/09/1999
£140,000 28/09/2019
59 Kirkgate Ground
First
Retail/Ancillary
Ancillary
74.51 sq m
79.52 sq m
(802 sq ft)
(856 sq ft)
THOMAS COOK RETAIL
LTD (4) (5) (t/a Gems)
20 years from
29/09/1999
£65,000 28/09/2019
7-19
Queensgate
Ground
Lower Ground
Former Public House
Former Public House
527.31 sq m
344.39 sq m
(5,676 sq ft)
(3,707 sq ft)
LATERTHOUGHT LTD 10 years from
04/12/2014
– (6) 03/12/2024
Totals    
2,270.34 sq m
(24,438 sq ft)
    £347,500  

(1) For the year ending 31st March 2015, Poundworld Retail Limited reported a turnover of £422,304,000, pre-tax profits of £13,726,000 and a total net worth of £22,197,000. (Source: Experian Group 06/11/2015)
(2) For the year ending 31st January 2015, JD Sports Fashion plc reported a turnover of £1,522,253,000, pre-tax profits of £90,496,000 and a total net worth of £208,916,000. (Source: Experian Group 06/11/2015)
(3) JD Sports have recently ceased trading from the unit.
(4) Thomas Cook is one of the world’s leading leisure travel groups, with sales of over £9 billion and more than 20 million customers.(Source: www.thomascook.com 06/11/2015)
(5) The tenant of 59 Kirkgate has sublet the property to IRG Bradford Limited who are trading as Gems.
(6) As to the lease to Laterthought Ltd, the contractual rent is £18,500 per annum however the tenant is not in occupation or paying rent/service charge. The lease has not been disclaimed.

Property Documents

  • Site Plan
    Updated Date
    17.11.15
    File Size
    184 KB
    View PDF
  • Catalogue Page
    Updated Date
    17.11.15
    File Size
    1,016 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Associate AuctioneersEd Smith 0207 659 4831ed.smith@greenpartners.co.uk
Seller's Solicitors
Forsters LLP 31 Hill Street
London
W1J 5LS
Sarah Pass 020 7863 8468sarah.pass@forsters.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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